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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Southern Copper Corporation
Type
Subsidiary
Traded as BVL: SCCO
NYSE: SCCO
Industry Mining
Founded 1952; 65 years ago (1952)
Headquarters Phoenix, Arizona, United States
Key people
Oscar González Rocha (CEO)
Products copper
molybdenum
zinc
silver
Revenue Increase US$ 6.92 Billion (2011)
Number of employees
12,000
Parent Grupo México
Website www.southerncoppercorp.com

Southern Copper Corporation is a mining company that was founded in 1952. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Mexican copper producer Minera México by Southern Peru Copper Corporation.

75.1 percent of Southern Copper is owned by Mexican mining conglomerate Grupo México. Based on 2007 reserves data, Southern Copper is the world's largest publicly traded copper mining company and the world's seventh largest copper mining company based on 2007 sales. In addition, the firm is the eighth largest copper smelting company. The firm ranks among the world's largest producers of molybdenum, silver, and zinc.

The company is a major producer and refiner of copper, molybdenum, zinc, silver, lead, and gold, and operates mines and smelters in Mexico and in Peru, in the Andes mountains southeast of Lima.

The firm's operations are primarily within southern Peru and northern Mexico.

Southern Peruvian operations include the mines located at the Cuajone and Toquepala mines. The two mines produced a total of 359,655 tons of copper in 2007, with Cuajone producing 182,117 tons and Toquepala producing 177,538 tons respectively.

A recent strike at the largest mine, Cuajone, was suspended pending mediation between the two parties.

Tia Maria is a copper project mine which has been granted the environmental approval by the Peruvian Ministry of Energy and Mining (MINEM) to move forward with the project development. Geoservice Ingeniería was the engineering and consulting firm in charge of executing satisfactory the Environmental Impact Assessment (EIA) studies, the EIA approval was received on August 1, 2014 with directorial resolution Nº392-2014-MEM/DGA-AM given by MINEM.

The social protest against the project started in March 2015, causing tens of injuries and up to the beginning of May 2015, two deaths have also led to massive strikes and road blocks in the region. Local farmers fear the open-pit project will contaminate water supplies and cover their crops in dust.

The Cananea Mine, located in northern Mexico, produced 98,503 tons of copper in 2007. It is among the world's largest copper mines in terms of reserves, and has the longest remaining mine life of any major open-pit copper mine in the world, based on current production levels.

La Caridad Mine, located in northern Mexico, produced 124,972 tons of copper in 2007.


Investment goal date:
Dividends reinvested
Southern Copper Corporation SCCO report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2017
2018-02-12
--
--
Q4 2017
2018-01-30
--
--
Q2 2017
2017-07-26
0.3900
0.3900
Q1 2017
2017-05-03
0.4000
0.4100
Q4 2016
2017-02-01
0.2200
0.2200
Q3 2016
2016-10-27
0.2600
0.2600
Q2 2016
2016-07-25
0.2900
0.2900
Q1 2016
2016-04-27
0.2400
0.2400
Q4 2015
2016-02-11
0.0900
0.0800
Q3 2015
2015-10-27
0.1300
0.1200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
2979225
BlackRock Group LTD
1808114
BlackRock Inc.
7789950
BlackRock Institutional Trust Company, N.A.
1982986
CAPITAL GROWTH MANAGEMENT LP
1270000
COMMONWEALTH BANK OF AUSTRALIA
893970
JENNISON ASSOCIATES LLC
1010500
MANNING & NAPIER ADVISORS LLC
1608230
MANUFACTURERS LIFE INSURANCE COMPANY, THE
2283060
NORTHERN TRUST CORP
1646725
PARAMETRIC PORTFOLIO ASSOCIATES LLC
1584210
Personal Capital Advisors Corp
860345
PRICE T ROWE ASSOCIATES INC /MD/
2616852
PRUDENTIAL PLC
1411460
STATE STREET CORP
3414174
Major Shareholders
Name Relationship
Total Shares
Holding stocks
Grupo Mexico, S.A.B. de C.V.
81.7000% (680000000)
SCCO /
VELASCO GERMAN LARREA MOTA
0.3600% (2972297)
SCCO /
% ()